well actually you miss the point
the point is the difference between buying and actually paying for something. To "buy" the stand at the time, the securitisation loan was require, to pay for it requires, as Doncaster stated, "... revenues generated by development of other land we own in and around Carrow Road, including residential development on land behind the Norwich and Peterborough Stand and the building of a new four-star hotel in the corner between the Barclay Stand and The Jarrold Stand." In other words a bit like using a credit card but paying off through future income. Did you really think all the development will realise £15 million in the short-term? It's about long-term income generation making the club viable for short-term credit.
Posted By: wellactually on October 4th 2007 at 14:58:18
Message Thread
- Doncaster and money (NCFC) - The King of Prussia, Oct 4, 14:21:53
- well actually you miss the point (NCFC) - wellactually, Oct 4, 14:58:18
- What a great post (NCFC) - Old Git, Oct 4, 14:45:10
- Well unfortunately (NCFC) - The King of Prussia, Oct 4, 14:50:24
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